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InvestorDaily More investors are looking to decrease their allocation to hedge funds, with the appetite for non-traditional alternative asset classes starting to grow, according to EY. According to results from the EY 2017 Global Hedge Fund and Investor Survey, investors have demonstrated unwillingness to increase their target allocation in hedge funds. Only 11 per cent of investors […]

InvestorDaily Morgan Stanley Wealth Management has partnered with Nikko Asset Management to offer a separately managed account providing its advisers access to “disruptive innovation” stocks. Nikko AM affiliate Ark Invest will spearhead the new SMA, which will be made available to Morgan Stanley wealth managers and focus on a “basket of stocks that represent key disruptive […]

InvestorDaily The chairman of JP Morgan Australia and New Zealand has replaced Steven Harker as a member on the Future Fund board of guardians. Robert Priestley has been appointed to the fund’s ‘board of guardians’ for a five-year term beginning 7 November, according to a statement by Treasury. Mr Priestley has had three decades’ worth of […]

InvestorDaily American wealth management giant Charles Schwab Corporation has re-opened an office in Sydney after exiting the Australian market in 2000. The San Francisco-headquartered financial advice firm, custodian and brokerage has “re-established” its presence in Australia following the acquisition of Chicago-based “broker-dealer” optionsXpress. Charles Schwab Australia managing director JP Drysdale told InvestorDaily the decision to re-enter […]

InvestorDaily The use of social media as an engagement and education tool for superannuation fund members has nearly doubled in the past two years, according to Willis Towers Watson. According to survey results in a bi-yearly research report compiled by Willis Towers Watson, social media has become one of the top ways in which super funds […]

InvestorDaily The 2017 calendar year is set to end with exchange-traded products (ETPs) at a record-high of $35 billion, according to VanEck. In a statement, VanEck said the “steep growth” of the ETF sector was supporting inflows into the ETP market, with ETP assets reaching $33.22 billion in October 2017, up from $23.95 billion in the same month […]